HR Industry News

Pension scheme e-filing: one month to go

— 13 September 2007 —

With mandatory e-filing for registered pension schemes only a month away, HMRC is urging scheme administrators to make sure they're ready for the big day.

From 16 October 2007, pension scheme administrators will have to submit the following information electronically:

• Applications to register a pension scheme;
• Registered Pension Scheme Returns;
• Accounting for Tax Returns;
• Scheme Administrator's Declarations;
• Event Reports;
• Notifications of the winding-up of a registered pension scheme; and
• Notifications of a scheme administrator terminating their appointment.

To submit information online, scheme administrators (or practitioners acting on their behalf) must register with HMRC's Pension Schemes Online service. It can take up to seven working days to activate a new account - as some information has to be sent by post - so HMRC is urging those who haven't to sign up now.

The 16th of October isn't far way, so if you're a pension scheme administrator, make sure you're ready for the changes. By acting now, you can help avoid any problems in the future. HMRC's Julie Elsey, Head of Pension Schemes Services

If you need further help or advice on using Pensions Schemes Online, HMRC has produced a guide for using the service, which is available on the HMRC website at http://www.hmrc.gov.uk/pensionschemes/online-user-guide.pdf

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